Box's stock is sinking after it served up a weak revenue forecast and missed Q2 targets (BOX)

Box, the file sharing and storage company, missed Wall Street targets for Q2 revenue and served up a weak financial forecast on Wednesday.

Share of Box immediately sank 7% in the moments following its report, but regained some ground and are now down roughly 3% in after hours trading. 

Here are the numbers:

• Revenue (GAAP) — $122.9 million. This is compared to analyst estimates of $124.34 million.
• Earnings per share (adjusted) — Loss of $0.11 per share. This is compared to analyst estimates of a loss of $0.13 per share.
• Q3 projected revenues (GAAP) — range of $128 million to $129 million. This is compared to analyst projections of $131.6 million. 
• Q3 projected earnings per share (adjusted) — Loss of $0.14 per share to loss of $0.13 per share. This is compared to the average analyst estimate of loss of $0.13 per share. 
• Fiscal 2018 project revenues (GAAP)— $503 million to $506 million. This is compared to analyst projections of $505.65 million.  
• Fiscal 2018 project earnings per share (adjusted) — Loss of $0.46 per share to loss of $0.44 per share. This is compared to analyst estimates of a loss of $0.46 per share.

SEE ALSO: Box is now plugged into Google's AI, letting you easily search through images without needing to tag them first

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